FLA997

Without calling my agent (and tipping them off to my plans), does anyone know off hand if GEICO covers DE events?

Racerrob

You need to read your policy, specifically the exclusions. For years most policies only excluded "timed" events or "competitive" events. Several companies have changed them recently to exclude track days and DE's. Your agent will not necessarily tip off the carrier but will likey tell you that there is no coverage. I know many folks who have coverage but dont want to risk their auto policies so they buy track coverage from one of the carriers in Pano. Good luck to you.

Mark in Baltimore

I was with Geico for seventeen years and switched over to State Farm after I was told this:

Tue, Jan 7, 2003, 12:37 PM
Mel. As long as I am not racing, car will be covered. >>> After checking with claims, they consider DE’s to be racing. May cover damages but might not renew policy.

So, Geico considers DE's top be racing and may present problems in the future.

I have since switched back to Geico after getting American Collectors Insurance for DE. I saved about $1300 over State Farm for two cars, a few properties and some additional jewelry coverage. I figured I was never going to make a claim with SF on the track. Why pay extra for it?

mooty

this is a touchy topic. i know some ppl got paid by ins. but can't renew policy later. and when they try to get a new policy wiht another company, the new company ususally wants a letter of experience from prior ins. ..... of course your prior ins will likely disclose reason why they won't renew your policy.

realizing that, i decided to track cars that i am willing to pay 100% out of my pocket, that's just me and i am paranoid.

Larry Herman

Mooty, if you are going to do that, at least get DE insurance from American Collectors. That way you are only out of pocket for 10% of the loss, and it costs just $15 per thousand. And no claim will appear as part of your regular insurance. BTW I have my car covered with State Farm, and my son had an incedent at the track, and they paid for it. Not only did they renew me with no extra charges, but they gave him a policy on his new 4Runner, though it does cost HIM extra for one at-fault accident. A small price to pay.

mooty

thanks larry. i will chk with american collector before i am out on track next round.

it's good to know state farm was there when you needed them. i do have state farm as well. i was told they WILL cover it. BUT, i like to see that as a back up. i want to be prepared that when sh*t hits the fence and SOMEHOW they wiggle out of it, i have something to wipe my A** with.

tlark

Good thread, does AmCollector let you buy on a per event basis or as I suspect an annual basis. I ask b/c I am only able to do about 3-4 DE weekends a year. TIA

Gary R.

Anothe vote for American Collectors, and they cover Florida so you should have no problem.. Go high on the coverage as I remember they have a pretty high deductable..

analogmike

Geico sucks. Avoid them like the plague. The things they do are repulsive. Google them for more info.

mitch236

The deductable is high (20%) but is a percentage of the "agreed value". So don't go too high.

Example:
Agreed value 50k. Deductable is 10k
Agreed value 100k Deductable 20k

Gary R.

I remember when I did my track car I figured it would take $25K to replicate it so I got $30K coverage, giving me $24K on a total loss. As long as thee cars agreed value is realistic this works out fine. Higher value cars, amount of track usage, and premiums are all part of the equation also..

chrisp

I have Am. Collectors for DE.

What have you guys done for PCA race coverage? I have heard these policies are far more expensive and are priced per day.

Brian_77_3.6

To have American Collectors you have to have primary surance on the vehicle from another carrier. I have State Farm and for the first time this renewal period there is a change in language that does exclude coverage for off road and closed circuit driving.

mooty

HUM... as DE becomes more popular and cars more powerful, insurance companies will catch on, no? this is not good for us!

Larry Herman

Actually Brian, you do not have to have other insurance if the vehicle is not registered. American Collectors is for collision only, not for liability. And that is not particularly good news about State Farm. I will have to check it out with my agent.